While no one is going to confuse the current market with the investor insanity of 2005 and 2006, there is a growing buzz of investor activity in the Fort Myers area. Many of these investors are targeting distressed single-family homes that need some spiffing to be resold to a traditional buyers. A second grouping arre investors also targeting single-family homes with a buy-and hold-strategy. This second grouping of buy-and-hold investors are satisfying the housing needs of the growing pool of residents who must rent while they repair their challenged finances.
One of the most common questions our team is asked these days is what is the justification for paying x more for this house than the last buyer paid a few months ago. While there can be multiple ways of answering the question, most buyers won’t like any of the answers. The bottom line is that home prices, particularly at the lower-end of the market have been creeping upwards in 2011 (yes I just typed that!!).
For investors curious about the Fort Myers area market, some of the best opportunities for either a flip or long-term hold are in Cape Coral. This community of over 150,000 residents is located just northwest of Fort Myers and is dominated by affordable single-family homes. Here are resources to view Cape Coral foreclosures and also Cape Coral short sales. Our team is experienced at assisting investors with hot opportunities that come on the market and would welcome the opportunity to be your “go to” resource in Southwest Florida.